Quote:
Originally Posted by rubecube
Then provide them with a solid safety net to get by until the adjustment period passes. Running a society isn't all lollipops and sunshine. Sometimes some people have to take it in the teeth for the sake of social progress. That's how utilitarianism works.
Except the results generally are clear, you just don't want to accept them. The NDP are backtracking because they've completely blown through their political capital and because the current economic climate is (maybe) not conducive to a minimum wage hike.
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Providing a safety net = higher government handouts = more taxes. At a time when the economy is getting killed. Brilliant.
There isn't some infinite source of wealth for the NDP to continue taxing to fund their social programs. Once again, economic theory is great. In theory. The real world doesn't operate like a textbook.
Go back and read the comment Chemgear references. Unless my reading comprehension has gone out the window, that's an expert saying that the results of higher minimum wages point in a specific direction. Just not the one that the NDP was hoping for.